FLORIDA CORPORATION

manufactures shampoo in two departments, Mixing and Packing.

Once the shampoo mixture is completed in the Mixing Department, it is

sent to the Packing department, where a machine fills and seals individual

bottles, which are then passed to a machine that places the bottles in

individual boxes.

In the Mixing department, materials are added at the beginning of the

process. In the Packing department, however, we have several different

materials and, therefore, materials are added at different parts of the

process. $($The percentage of completion amounts are given, so that you

don't have to figure out what materials are added where.$)$

The company uses the weighted$-$average process costing method for

assignment of production costs.

The following information is related to production in the Mixing Department

for February $2022$:

Beginning work in

process $(50\%)15,000$

Started in February $660,000$

$675,000$

Unit accounting

Transferred to

packing

$?$

Ending work in

process $(80\%)$

$30,000$

SUPPOSE that the FIFO method was used for this department

instead. What would be the equivalent units and unit costs for

materials and conversion?

Required:

For requirements $1$ and $2,$ assume that all units produced were "good"

units and met the company's quality$-$control standards. $($In the both

departments, units are inspected $75\%$ of the way through the production

process.$)$

In doing your computations, round ALL equivalent unit costs to $2$ decimal

places.

Reconcile the physical units to account for and units accounted for;

compute the equivalent units of production for Materials and

Conversion; compute the unit costs of Materials, Conversion and

Total

Compute the cost of goods completed and transferred to the next

department

Prepare the journal entry to record the completion of units in the

Mixing Department